Cash for homes allows you to sell a home, without having to pay the real estate agent, the mortgage company or the homeowner’s association fees. In most cases, you are paid after the transaction, instead of at the closing. You are paid through your own profit from the transaction. Cash for homes is a great way to make extra money, while avoiding all the hype and hassle associated with selling a house. The idea is that if you can find a buyer interested in buying the property, you can simply let the realtor go away and then list your house on eBay, or any of the other online real estate auction sites.
When I first started we buy houses kansas city in the Long Island area, I was intimidated by all the hype. Real estate investors were pouring millions of dollars into remodeling properties, while buyers were snapping up newly constructed homes every other day. My investment advisor, who happens to be my best friend, advised me to relax and invest in cash for houses instead. But I had little experience in selling residential properties, so how could I expect to know what to do?
To answer my question, I consulted an expert who sells properties, not a realtor, agent or broker. I learned that there are several criteria you have to meet to qualify as a good candidate for selling homes in Long Island. First of all, you have to sell at or below the prevailing fair market value. That means you have to come up with the amount you will sell the house for, before factoring in repairs, taxes, and other fees.
Second, you have to know how to list Long Island homes that are in high demand. This includes information about the curb appeal of the home. I found that most buyers are looking for basic, clean lines in modern homes, so my job was to enhance the curb appeal, so that a potential buyer would want to see the inside and exterior. One way to do this is to paint the house the color of the siding outside, so that it complements the home.
Finally, you need to list your houses for sale at the right price. I used a special real estate valuation to determine the fair market value of my houses. Then, I scheduled three visits to houses on the market, to see how each house stacked up to the appraisal value. In addition, I made a comparative list of house features that I thought would help bring the house closer to the appraisal value. For example, I bought houses with trim, newer appliances, and double garage doors. All of these features helped bring my houses closer to their fair market value.
After making the adjustments necessary to list my home for sale at the right price, I started sending out flyers and posting ads. As the number of buyers increased, my profits from the listing fees also grew. And because I never had to pay cash for the houses, there was never any risk. Most buyers will wait to pay cash for homes for months, even years. By preparing my listings properly, listing my property at or near the market value, and advertising aggressively, I made more money in two weeks than I earned in six months.